house value in glendale ca. is going up or down?

Asked by Pcpch21, Glendale, CA Sat May 26, 2012

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James Stevens’ answer
James Stevens, Agent, Valencia, CA
Tue May 29, 2012
Home values in general should be at a trough. There will potentially be a slight downward trend due in part to both shadow inventory and eventual higher interest rates. Currently there is somewhat of a dearth in available inventory so that will help stave off any meaningful decline due to bank foreclosures, etc., and once rates do eventually increase it will be because the overall economy is doing better and there are more jobs/money in the system. Therefore, I think we will be in a relatively stable market for the next 3-5 years before beginning a moderate sustainable upward trend.

Hope that helps. Don't hesitate to reach out directly with any questions or requests.

Sincerely,

James Stevens
Re/Max Tri-City
(818) 636-9394
james@jlsrealestate.net
0 votes
Edwin Andria…, Agent, Glendale, CA
Sun May 27, 2012
I believe that overall prices in Glendale are definitely not going down, they might even be up by a few percent compared to last year, however, having the shadow inventory in mind, the prices should, at least by the book, go down another 10%. This just depends on how the banks would deal with their current and upcoming inventory.

The bottom line is the prices should stay pretty much steady for another 2-3 years.
0 votes
Kendyl Young, Agent, Montrose, CA
Sat May 26, 2012
Here is a video explaining the state of the real estate market in Glendale.

If your home is in the lower price ranges, things are looking good, at least in the short term. The situation is not as clear for our upper end.

http://youtu.be/6wivhHJVCho
0 votes
Mark Doran, Agent, Glendale, CA
Sat May 26, 2012
Home values are becoming more stable, though some areas are improving more so than others; it just depends upon the area.

As a homeowner, have you given thought as to what your home could be worth?

Mark Doran
Keller Williams Realty Glendale.
0 votes
Monique & Joe…, Agent, Beverly Hills, CA
Sat May 26, 2012
Hello Pcpch21,

Prices in Glendale are showing signs of stabilizing and in some cases increasing.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@me.com
(323) 899-2900
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